CMD Capital halts fundraising amid “tough” VC market
Experienced early-stage VCs say the “timing and context are wrong for us to raise a first-time fund.”
AI
Hyperlume raises $17.8-million seed round to commercialize its AI data centre tech
Ottawa startup claims its microLEDs achieve significant gains in performance, cost, and energy efficiency.
Glassbox announces $1.65 million in funding to “reimagine the spreadsheet” for corporate finance
Ex-investment banker aims to help former peers build financial models faster with AI.
AI’s new moat with Coveo’s Louis Têtu
Coveo’s outgoing CEO says the company’s applied AI offering is a “market taker.”
Canada looks to strike balance between AI innovation and regulation at Paris AI Summit
Trudeau’s likely last AI policy contributions come as the EU and US grow further apart.
Major media companies sue Cohere for alleged copyright infringement
Toronto Star, Condé Nast, Vox part of group alleging Cohere unfairly copied, used their content.
Alexi secures $4.5 million in venture debt from TD to develop AI tools for litigators
Debt financing comes eight months after legaltech startup’s $15-million Series A.
Clio and Intel add new general managers in Canada as #CDNtech exec shakeups carry into 2025
ThoughtExchange, Verv, and Lorica also started the year by making changes at the top.
San Francisco-based Landbase taps Canadian roots with acquisition of LavaReach
Bootstrapped startup’s co-founders will join the AI-powered go-to-market solutions company.
University of Waterloo to open GENESIS, a new blockchain and AI research lab
New facilities supported by $1.4-million donation from professor-founded blockchain startup Interop Labs.
RetinaLogik ready to execute on vision with $1.1-million financing, Health Canada Class II approval
Portable eye care device startup sets sights on North American expansion.
Waabi inks partnership with investor Volvo to develop and deploy self-driving trucks
CEO says deal gives Waabi next puzzle piece it needs for autonomous trucking at scale.
An AI report to distract you from tariffs
Plus: Shopify CEO promises ‘buy local’ features in Shop app.
Boardy partners with Diversio in effort to make its AI more inclusive following email backlash
AI “superconnector” that sent unsolicited messages about users’ looks will now undergo inclusivity training.
Accelerating software that helps the helpers
How AWS helps Jane scale practice management for allied health clinics worldwide.